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Oncor Electric borrows $95 million under term loan agreement
By Sarah Lizee
Olympia, Wash., Aug. 5 – Oncor Electric Delivery Co. LLC borrowed $95 million under the March 2020 term loan agreement on Friday, according to an 8-K filing with the Securities and Exchange Commission.
The proceeds from the borrowing were used for general corporate purposes, including the repayment of notes outstanding under the company’s commercial paper program.
Borrowings bear interest at Libor plus 95 basis points.
Oncor is an electric utility based in Dallas.
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